Financial Market Report
On May 3, trade tensions eased. Although the economic data was somewhat mixed, the strong non-farm payroll report attracted attention, alleviating concerns about slowing economic growth. Next week, market focus will shift to interest rate decisions from central banks, including the Federal Reserve and the Bank of England. PMI services data from several countries will be released.
Next week, key events include the release of the S&P US services PMI, Caixin China services PMI, a US 10-year bond auction, and the interest rate decision from the FOMC. The Federal Reserve will also hold a monetary policy press conference.
While soft data like market sentiment is weakening, hard data like non-farm employment does not reflect the impact of tariffs. If Mr. Trump cuts tariffs, a similar situation could occur in 2025. Looking towards June, the April jobs report reduces the likelihood of a rate cut as there was only one prior jobs report. Goldman Sachs and Barclays have pushed back their expectations for a rate cut from June to July.
Note: This content is for informational purposes only and is not investment advice.
Source: https://tintucbitcoin.com/trien-vong-kinh-te-fed-trump-va-kich-ban-tien-dien-tu-hap-dan/
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